SenseTime shares soar more than 30% after announcing its latest generative AI model

Key Facts

• Visual China Group | Getty Images Shares of SenseTime Group surged more than 30% on Wednesday, after the Chinese AI giant announced its latest generative artificial intelligence model, called SenseNova 5.0.
• SenseTime said in a release that the major advancement in SenseNova 5.0 focuses on knowledge, mathematics, reasoning, and coding capabilities.
• Stock Chart IconStock chart icon “Given the same knowledge input, it provides better comprehension, summarization, and question and answers, providing strong support for vertical applications such as education and the content industries,” the company said in a release.
• SenseTime is among a number of Chinese companies that are developing a rival to compete with OpenAI’s ChatGPT, a viral chatbot that has taken the world by storm for its ability to answer questions in a human-like manner.

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